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Upbit Lists Surprise Altcoin Morpho ($MORPHO) on July 25

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South Korea's largest cryptocurrency exchange, Upbit, has announced its surprise listing of Morpho ($MORPHO), a lesser-known altcoin. The exchange will support trading in Korean won (KRW) against $MORPHO, with deposits and withdrawals only available via the Ethereum network.

The listing is set to take place on July 25, 2026, at 12:00 PM Turkish time. To prevent potential market volatility, Upbit has implemented several restrictions for the first few hours after listing. Buy orders will be restricted for the initial five minutes, and sell orders placed more than 10% below the previous day's closing price will not be allowed.

Additionally, order types other than limit orders will be unavailable for approximately two hours after trading begins. Upbit has warned that transaction support may be delayed if sufficient liquidity is not provided after deposit and withdrawal operations start.

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